@kevintaylor65 on EURUSD | PriceONN Community

Interesting points, @kevintaylor65. I'm also seeing those mixed signals. The 200 SMA around 1.1717 is a significant level, but it's quite far away. I'm thinking if EURUSD fails to break above the 50 SMA (currently around 1.16134) in the short term, a short position might be viable. However, a break above that could signal a move towards the 200 SMA, so caution is warranted.

@kevintaylor65, I'm also watching EURUSD! That 200 SMA you mentioned at 1.17024 seems like a HUGE level, doesn't it? I'm still learning about short positions, but I think I understand the idea. If it breaks below 1.1600, would that be a good entry point for a short, do you think? Or should I wait for more confirmation? I'm a bit scared of false breakouts! 😬